US equities finished lower, pulling back from a rally that briefly drove the Dow Jones to a record high. A number of hawkish Fed speakers suggested that the Fed is in no rush to cut interest rates. This saw US bond yields increase. The US dollar also advanced.
Initial cues from the U.S. Futures Index on Thursday suggest that Wall Street might open moderately up. Trading might be impacted by reaction to major economic announcements today, especially the weekly jobless claims, industrial production and import and export prices.
Today's Water Cooler: Politics, pandemics, Cohen's testimony in the Bragg trial plus theories of the case, Biden and Trump debate, the NC legislature bails for the weekend without passing the anti-masking bill, the Impressionists and the Paris Commune